Shared Ownership Event For Aspiring Buyers At Warwick Development
A new collection of Shared Ownership homes will be available at L&Q’s Beauchamp Park development at Gallows Hill in Warwick this month. These new homes will give aspiring homeowners the chance to buy in one of the UK’s most desirable towns.
Andrea Palmer, L&Q’s head of regional sales, says: “While Shared Ownership isn’t a new scheme, there is still some confusion among potential buyers about how it works, who’s eligible to buy a Shared Ownership property and the language that’s commonly used. Our event from 4pm to 7:30pm on Wednesday 12 January is a must-visit for any aspiring buyers. We’ll have our sales team available to talk about the scheme in a jargon-free way including an independent financial adviser to provide unbiased financial advice and talk to visitors about whether they qualify to use the Shared Ownership scheme and how it could work for them. Anyone interested in attending should get in touch with us to book their place.”
Shared Ownership, available on selected two-, three- and four-bedroom homes at Beauchamp Park from 22 January, enables those on lower incomes and the growing number of people wanting to get onto the property ladder, to part-own and part-rent a property, usually paying a mortgage on the part they own and with a subsidised rent on the part they don’t. As their income rises, they can increase the share they own until they eventually own 100% and no longer pay any rent to L&Q in a process known as ‘staircasing’.
L&Q will also launch a collection of four-bedroom detached houses prices starting from £525,000 for private sale on 29 and 30 January 2022.
Beauchamp Park at Gallows Hill provides buyers with the best of both worlds, a semi-rural location in the heart of the English countryside but with quick and easy access to the wide range of amenities in Warwick or further afield in Coventry or Birmingham.
Homes at the development have been designed to ensure they’re in-keeping with the local area and have been influenced by the Georgian, Regency and Tudor-style properties typically found in Royal Leamington Spa and Warwick. Properties are built in a mix of brick, render and striking metal work that tie in with their surroundings and mark the gateway to Royal Leamington Spa.
To register your interest in the Shared Ownership homebuyer event visit www.lqhomes.com/beauchamppark/events
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